Question

2. Jenna Ford purchased a compact stereo that regularly sells for $229.99 at a markdown rate of 53%. In California, where Jenna lives, the sales tax rate on this item is 7%. Find the final price of the item.

Answer 1

$115.67

Explanation:

given that the markdown rate is 53%, that means that the markdown is 53% of the original price, or,

markdown = 53% of $229.99 = 0.53 x 229.99 = $121.89

sale price before tax = Original Price - Markdown

= 229.99 - 121.89

= $108.10

sales tax = 7% of sale price before tax

= 0.07 x 108.10

= $7.57

Final price = price before tax + tax

= 108.1 + 7.57

= $115.67